Wisconsin § 407.507 Warranties on negotiation or delivery of document of title.

Wisconsin Statutes

§ 407.507 — Warranties on negotiation or delivery of document of title.

Wisconsin § 407.507

Ch. 407Uniform commercial code — documents of title

Subch.subch. V of ch. 407 SUBCHAPTER V

WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER

This text of Wisconsin § 407.507 (Warranties on negotiation or delivery of document of title.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 407.507 (2026).

Text

507  If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under s. 407.508 , unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods that all of the following apply:
507(1) (1) The document is genuine.
507(2) (2) The transferor does not have knowledge of any fact that would impair the document’s validity or worth.
507(3) (3) The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.

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407.507 If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under s. 407.508 , unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods that all of the following apply:
407.507(1) (1) The document is genuine.
407.507(2) (2) The transferor does not have knowledge of any fact that would impair the document’s validity or worth.
407.507(3) (3) The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.